LME aluminium prices edged lower on September 4 compared with the previous trading day, while aluminium stocks also declined marginally. The most notable movement was in cancelled warrants, which fell by more than 38 per cent day on day. On September 4, the LME aluminium cash bid price stood at USD...
Macro perspective: Fed Chairman Warsh delivered a hawkish speech at the Jackson Hole symposium, lifting market expectations for a September rate hike to around 60 per cent, while the US dollar consolidated amid fluctuations, unsettling the nonferrous metals sector. The Fed's latest Beige Book...
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China's Anda Group is expanding its aluminium die casting production capacity in Huzhou as demand for lightweight automotive components continues to grow across both internal combustion engine (ICE) and electric vehicle (EV) markets. The first phase of the expansion is already operating at high...
Shares of Aluminum Corporation of China (Chalco) rose on Monday after its controlling shareholder, Aluminum Corporation of China (Chinalco), announced plans to increase its stake in the state-owned aluminium producer by up to USD 300 million (CNY 2 billion), reflecting confidence in the company's...
Mountain Dew has unveiled a limited-edition aluminium commemorative can bundle to mark nearly 80 years since the brand was created in Tennessee in 1948. Available exclusively through TikTok Shop, the release celebrates the beverage's heritage while continuing Mountain Dew's long-running use of...
The European Union's Carbon Border Adjustment Mechanism (EU CBAM) is reshaping global trade by placing a carbon price on imports of carbon-intensive products from countries without equivalent carbon pricing systems. Since January 2026, importers of products including steel, aluminium, cement,...
Today, the most-traded SHFE aluminium contract 2609 closed at RMB 23,010 per tonne, down RMB 270 per tonne, a decline of 1.16 per cent. Trading volume reached 182,000 lots, up 122,000 lots W-o-W, surging significantly as capital fled the market, with bears actively adding positions to drive prices...
Futures: Futures: SHFE aluminium closed at RMB 23,280 per tonne, edging up 0.22 per cent, with intraday fluctuations between 23,145 and 23,295. The price was slightly above the 5-day MA (23,250) and 10-day MA (23,150.5), but well below the 30-day MA (23,409) and 60-day MA (24,028). Short-term...
US June CPI fell 0.4 per cent M-o-M, the first month-on-month contraction since 2020, prompting the market to lower its expectations for US Fed interest rate hikes. However, Fed Chairman Warsh bluntly expressed "zero tolerance" for the persistent five-year high inflation, displaying a tough hawkish...
This week, imported aluminium scrap prices in China continued to pull back slightly. SMM data showed that the price of imported shredded zorba at Ningbo port was revised down from RMB 21,920 per tonne to RMB 21,820 per tonne, while at Tianjin port it dropped from RMB 21,970 per tonne to RMB 21,770...
Riding the wave of firmer feedstock costs, the Chinese prebaked anode market has snapped its brief downtrend, with a major smelter in Shandong lifting its July procurement benchmark by RMB 30 per tonne. While current margins remain healthy above breakeven, looming new capacity is set to intensify...
Aluminium scrap: This week, aluminium scrap market prices generally moved sideways. On July 16, SMM A00 spot aluminium prices closed at RMB 23,170 per tonne, rebounding RMB 220 per tonne from last Thursday. In terms of price spreads, the price difference between A00 aluminium and mixed aluminium...
The London Metal Exchange (LME) aluminium prices made a modest recovery on July 16. Cash price and futures contracts improved over the previous session’s figures, while the continued decline of opening stocks indicated market volatility. On July 16, the LME aluminium cash bid price edged up from...
Rare earth minerals have moved from a niche group of metals to a strategically important resource that is vital to sectors from clean energy to consumer electronics, defence and advanced manufacturing. As demand rises and supply chains are dominated by a few countries, rare earths are being...
Novelis Korea has announced that Choi Min-young, the company's Director of Government Affairs, has been appointed the inaugural chair of the Aluminium Committee of the Korea Nonferrous Metals Association (KONMA). KONMA is an industry association that supports the development of South Korea's...
Canada's aluminium extrusion industry is calling on the federal government to introduce trade protection measures, arguing that rising imports and US tariffs are placing increasing pressure on domestic manufacturers even as aluminium prices remain strong. Although aluminium has been one of the...
Norsk Hydro operates an integrated aluminium business that spans the full value chain, from bauxite mining and alumina refining to primary aluminium production, extrusion, rolled products and recycling. The company also has a significant presence in renewable power generation, supporting the energy...
Futures: The aluminium alloy 2609 contract on the Shanghai Futures Exchange opened at RMB 22,910 per tonne in the morning session. It reached an intraday high of RMB 23,055 per tonne and a low of RMB 22,845 per tonne. As of 14:00, it closed at RMB 23,020 per tonne, up 115 points, or 0.50 per cent,...
Aditya Birla Group company Hindalco Industries is expected to remain in focus after Kotak Institutional Equities raised its recommendation on the company by two notches. It has shifted from 'Reduce' to 'Buy', highlighting improvement in earnings visibility with a more attractive valuation after the...
Futures: The most-traded SHFE aluminium 2608 contract closed at RMB 23,090 per tonne, down RMB 135 or 0.58 per cent from yesterday's settlement price. It opened the day at RMB 23,120 per tonne and fluctuated within a range of RMB 23,090–23,190 per tonne. Prices were above the 5-day MA (23,116.00)...
